Prospect Capital Co. (NASDAQ:PSEC) CEO Purchases $1,008,000.00 in Stock

Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) CEO John F. Barry acquired 240,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $4.20 per share, with a total value of $1,008,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 81,981,933 shares of the company's stock, valued at approximately $344,324,118.60. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Prospect Capital Price Performance

NASDAQ:PSEC traded up $0.01 during trading hours on Friday, reaching $4.27. 831,815 shares of the company's stock were exchanged, compared to its average volume of 2,578,549. The business's 50-day simple moving average is $4.32 and its two-hundred day simple moving average is $4.68. Prospect Capital Co. has a 12 month low of $4.09 and a 12 month high of $5.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.90 billion, a P/E ratio of -21.33 and a beta of 0.94.

Prospect Capital Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.045 dividend. This represents a yield of 12.47%. The ex-dividend date of this dividend was Wednesday, February 26th. Prospect Capital's dividend payout ratio is -270.00%.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Prospect Capital from a "sell" rating to a "hold" rating in a report on Friday, December 6th.

Hedge Funds Weigh In On Prospect Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Palogic Value Management L.P. boosted its stake in shares of Prospect Capital by 50.8% during the 4th quarter. Palogic Value Management L.P. now owns 351,294 shares of the financial services provider's stock valued at $1,514,000 after buying an additional 118,400 shares during the period. Comprehensive Money Management Services LLC acquired a new stake in shares of Prospect Capital in the 4th quarter valued at $72,000. Ameriflex Group Inc. acquired a new stake in shares of Prospect Capital in the 4th quarter valued at $62,000. Alpine Global Management LLC acquired a new stake in shares of Prospect Capital in the 4th quarter valued at $346,000. Finally, Focus Partners Advisor Solutions LLC lifted its position in Prospect Capital by 21.8% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 25,229 shares of the financial services provider's stock worth $109,000 after acquiring an additional 4,524 shares during the last quarter. Institutional investors and hedge funds own 9.06% of the company's stock.

About Prospect Capital

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.